Federal Reserve Governor Christopher Waller struck a markedly more hawkish tone on Monday, warning that another upside surprise in Tuesday’s CPI report could force the FOMC to consider raising interest rates “in the near term.” Read more…
Business confidence picked up a bit in the June quarter, but Middle East tensions and higher fuel prices remained on firms’ minds. Key results (seasonally adjusted) General business situation: +12 (Prev: +1) Trading activity, past Read more…
The US dollar jumped on opening on Monday and quickly reversed gains but remained within approx. $50 range for the day. Fresh escalation in the Middle East added to inflation concerns and expectations that the Read more…
One of the companies powering the global artificial intelligence boom has opened a new door for U.S. investors. SK Hynix, a South Korean semiconductor manufacturer that produces memory chips used in AI servers, smartphones, computers, Read more…
Suze Orman is aggressively pushing back against a wave of viral social media advice urging pre-retirees to claim their Social Security benefits at age 62. The bestselling personal finance author and media personality warns that Read more…
Let’s hope the Federal Reserve learned a mighty big lesson from the pandemic-era economic debacle that emerged when the U.S. central bank delayed raising interest rates to tame soaring inflation. Otherwise, history is doomed to Read more…
Over the past 18 months, TheStreet has closely covered Ford’s persistent quality control issues and the progress it has made. Last year, Ford blew away the record for most recalls in a year, surpassing rival Read more…
BMW solidified its position as the top-selling luxury automaker in the U.S. with strong second-quarter sales, a result that comes as many rivals experienced declines. The timing of BMW’s impressive quarter is important. One of Read more…
Stock market investors are heading into CPI week with a familiar playbook. The hope is that inflation cools off further and the Fed stays on hold, with robust earnings taking over as the next driver Read more…